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Pacific Debt

in Debt Settlement Companies from Pacific Debt Inc

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Pacific Debt

Claimed

in Debt Settlement Companies from Pacific Debt Inc

SuperMoney Net Recommendation Score +100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly recommended

9 users recommend
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0 users don't recommend
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Highlights
Community Rating Strongly recommended
% of Debt Fee 15% - 25%
Minimum Debt Owed $7,500
Number of Reviews 9

Pacific Debt Review

Pacific Debt is a debt settlement company based in San Diego, CA. It offers debt relief services to borrowers in 36 states (and Washington, DC). Founded in 2002, it is a well-established company that has been in business for over 10 years.

Key Takeaways
  • Low debt minimum. Pacific Debt stands out from the competition because it only requires clients to have a minimum balance of $7,500. Most firms require at least $10,000 of unsecured debt.
  • AFCC and IAPDA accredited. Pacific Debt is a member of the American Fair Credit Council (AFCC), which is the largest trade association for the debt settlement industry. It also employs debt resolution specialists that have been trained and accredited by the International Association of Professional Debt Arbitrators (IAPDA).
  • Well-established firm. Pacific Debt has been in business for 19 years.
  • Types of debt settled. Pacific Debt will only settle unsecured debts. These include credit card accounts, personal loans, and payday loans.
  • Available in most states. Pacific Debt is available in 36 states.
  • Offers in-house debt relief services. Some debt settlement companies act as intermediaries for larger firms. This company uses its own staff to handle debt settlement accounts.
Pacific Debt Pros & Cons
Pros Cons
  • Lower than average fees
  • No monthly consultancy fee
  • Low minimum debt
  • Has IAPDA accredited debt specialists on staff
  • AFCC member
Pacific Debt FAQ

What does Pacific Debt do?

Pacific Debt offers debt relief services for the following types of debt:

  • Unsecured debt, such as credit card debt and personal loans.

What does Pacific Debt charge?

Pacific Debt operates on a contingency fee basis. Companies operating under a contingency fee model charge fees that are based upon a percentage of the debt at the time the consumer enrolled; occasionally they are based on a percentage of the savings negotiated by the debt-settlement company. Across the industry in general, debt settlement clients typically see a 45% to 60% reduction of their enrolled debt.

Pacific Debt charges fees that range from 15% of the enrolled debt up to 25% of the enrolled debt, depending on the amount of enrolled debt provided.

Debt relief service pricing / costs can vary greatly from one client to another so it's best to speak to Pacific Debt directly to determine an accurate quote.

Does Pacific Debt offer a guarantee?

No, Pacific Debt does not have a money back guarantee. Some debt settlement companies advertise a money-back guarantee that typically states you won't be charged until your debt is settled. However, it is illegal for debt settlement companies to charge upfront fees before an account is settled. So these guarantees offer little added value to consumers.

What is the minimum debt Pacific Debt will consider?

Pacific Debt will only consider customers with unsecured debt of $7,500 or more. Customers with less than $7,500 of unsecured debt may benefit from a debt consolidation loan or credit counseling services.

Does Pacific Debt perform its own servicing in-house?

Yes, Pacific Debt employs its own in-house servicing staff who manage the process and negotiate settlements on behalf of their customers.

What accreditations does Pacific Debt have?

The two main trade associations in the debt relief services space are the American Fair Credit Council (AFCC) and the International Association of Professional Debt Arbitrators (IAPDA).

  • Pacific Debt is an accredited AFCC member.
  • Pacific Debt is an IAPDA member.

Pacific Debt Disclosure: *Clients who make all their monthly program deposits pay approximately 50% of their enrolled balance before fees, or 65% to 85% including fees, over 24 to 48 months (some programs lengths can go higher). Not all clients are able to complete our program for various reasons, including their ability to save sufficient funds. Our estimates are based on prior results, which will vary depending on your specific circumstances. We do not guarantee that your debts will be resolved for a specific amount or percentage or within a specific period of time. We do not assume your debts, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice or credit repair services. Our service is not available in all states and our fees may vary from state to state. Please contact a tax professional to discuss potential tax consequences of less than full balance debt resolution. Read and understand all program materials prior to enrollment. The use of debt settlement services will likely adversely affect your creditworthiness, may result in you being subject to collections or being sued by creditors or collectors and may increase the outstanding balances of your enrolled accounts due to the accrual of fees and interest. However, negotiated settlements we obtain on your behalf resolve the entire account, including all accrued fees and interest. C.P.D. Reg. No. T.S. 12-03825.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Pacific Debt

Since 2002, Pacific Debt has settled over $300 million in debt for thousands of clients. Pacific Debt Inc supports consumers who need credit card debt relief, personal loan debt relief, credit union debt relief, and other types of consumer generated debt. We pride ourselves on being the most-consumer friendly debt relief option, always focused on maximizing debt settlement results and living up to our reputation as the nation's most consumer friendly debt relief company. If you have debt and would like to see your options, we invite you to discover how much you can save just by answering a few questions. Join over thousands of debt-free customers and learn what Pacific Debt Inc's Debt Relief Program can do for you!

Contact

Hours of Operation

Pacific Time
  • Sunday Closed
  • Monday 8:00am - 6:00pm
  • Tuesday 8:00am - 6:00pm
  • Wednesday 8:00am - 6:00pm
  • Thursday 8:00am - 6:00pm
  • Friday 8:00am - 4:00pm
  • Saturday 9:00am - 12:00pm

About Pacific Debt

Availability

  Available in 36 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Washington, DC
  • Florida
  • Georgia
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Michigan
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • Nebraska
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Pennsylvania
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Washington
  • Wisconsin

Feature Breakdown

Monthly Fee $0
% of Debt Fee 15% - 25%
Debt Type Unsecured Debt
Minimum Debt Owed $7,500
AFCC Member
Contingency Model
IAPDA Member
In-House Servicing

Pacific Debt Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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